EURUSD 1.1332 USDJPY 110.63 USDCAD 1.3148 EURCZK 25.640 USDCZK 22.616 EURPLN 4.3309 USDPLN 3.8230
EURUSD 1.1332 USDJPY 110.63 USDCAD 1.3148 EURCZK 25.640 USDCZK 22.616 EURPLN 4.3309 USDPLN 3.8230

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Consumer credit data provides insight into the condition of the retail sector in the United Kingdom

Country:UK
Impact:low
Current value:1.132
Last value:0.58
Change: 0.552 Loss
Minimum value: -1.087 (3rd quarter of 2009)
Maximum value: 1.147 (3rd quarter of 2012)
Consumer credit (net consumer credit) - UK

Rule of thumb

An increase in consumer credit may indicate a more active economy, as it reflects their
optimism and confidence in the future

The consumer credit data  represents the value of loans in a specified month.

 

A high figure may indicate that the economy may be overheating. As living conditions increase, individuals tend to over borrow, which may give  rise to concerns regarding a credit bubble.

 

On the other hand, an increase  in the general value of loans may indicate a more active economy, because individuals usually tend to borrow when they are more optimistic and feel confident about their economic future. This may lead to an increase  in the level of retail sales, income of producers and the output of the whole economy, which in turn may increase the interest of  foreign investors in the domestic currency.

 

Periodicity of publication

Published every quarter by the Bank of England as part of a report under the name “Trends in Lending”, by the end of the first month after the reported quarter

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